Rolling Basis Credit Line Application for Private Sector
FONERWA in a proactive effort to encourage private sector-led initiatives to respond to Environment and Climate Change related challenges facing Rwanda as well as the aspiration to have green growth path to development hereby launches the rolling basis for Credit Line applications.
The Credit Line Application for Private Sector is the product of wide consultations with the private sector. In the new application process, credit line (loan) applicants will be able to enjoy all year round application opportunity with simplified, private sector specific application documents.
The credit line, a subsidized loan facility, provided by the Fund and administered by the Rwanda Development Bank provides funding to transformative projects that will demonstrate clear impact in achieving national and sectoral priorities. They must be backed by a business model with sound underlying fundamentals to manage risk and deliver returns.